LONDON – (BUSINESS WIRE) – June 25, 2020 –
Nexo, the leading financial institution for digital assets – known for offering the world's first instant crypto credit lines – has expanded its crypto loan offering with Bitcoin (BTC) and Ethereum (ETH) to its new product "Earn on Crypto" to give users the opportunity give up to 10% interest on digital assets.
“Building sustainable business models that thrive in any market environment has always been part of Nexo's DNA. For our new product "Earn on Crypto", we have developed unrivaled proprietary solutions to exploit inefficiencies through market-neutral strategies while ensuring asset protection, "said Antoni Trenchev, Managing Partner of Nexo.
Nexo's Earn on Crypto product is the most competitive on the market. It offers users superior returns on their crypto assets as interest is paid daily compared to other offerings where interest is usually paid weekly and monthly.
Users can earn up to 5% interest on BTC, ETH, XRP, XLM, LTC, BCH, EOS and up to 10% on USD, GBP, EUR and stablecoins.
"We take user funds very seriously and consider our customers' trust to be our most valuable asset. We are pleased to announce that their assets benefit from our military quality security infrastructure certified to ISO / IEC 27001: 2013," said Trenchev.
Additional features include full flexibility with no locks, no limit on the number of cryptos deposited, and the certainty that all funds are asset-backed by Nexo's growing portfolio of over-secured instant crypto lines of credit.
Nexo's transaction volume has doubled to over $ 3 billion last year and its user base to 800,000.
Nexo is the leading regulated financial institution for digital assets. From day one, the company's mission is to maximize the value of digital assets by offering tax-efficient "Instant Crypto Credit Lines", highly profitable "Earn Interest" products and "Send & Pay" features to customers while maintaining custody $ 100 million will ensure insurance and military security for the Nexo Wallet. Nexo has processed more than $ 3 billion in more than 40 fiat currencies for more than 800,000 users in more than 200 countries.
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